Sec. 6. The bonds or notes:
(1) shall be executed by the manual or facsimile signature of the chairman or vice chairman of the authority;
(2) shall be attested by the manual or facsimile signature of the public finance director;
(3) shall be imprinted or impressed with the seal of the authority by any means;
(4) may be authenticated by a trustee, registrar, or paying agent; and
(5) constitute valid and binding obligations of the authority, even if the chairman, vice chairman, or public finance director whose manual or facsimile signature appears on the bonds or notes no longer holds that office.
As added by P.L.68-1988, SEC.12. Amended by P.L.162-2007, SEC.31.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 14.5. Lease Financing for Transportation Systems
Chapter 6. Issuance of Bonds and Notes
8-14.5-6-1. Bond and Note Authorization
8-14.5-6-2. Approval; Identification of Funding Objectives
8-14.5-6-3. Weighted Average Useful Life of Project; Term of Bonds and Interest
8-14.5-6-4. Notice of Bond Issue; Publication; Time for Contesting Validity; Subsequent Leases
8-14.5-6-5. Bond and Note Provisions; Weighted Average Life
8-14.5-6-6. Manual or Facsimile Signatures; Seal
8-14.5-6-7. Negotiable Instrument Nature of Bonds or Notes
8-14.5-6-8. Public or Negotiated Sale
8-14.5-6-9. Appropriated Purpose of Proceeds; Maturities
8-14.5-6-10. Bonds or Notes of Authority Not State Indebtedness; Funds From Which Payable
8-14.5-6-11. Enforcement of Article and Undertaking
8-14.5-6-13. Bonds and Notes as Legal Investment
8-14.5-6-14. Security Registration Exemption
8-14.5-6-16. Insurance or Guaranty of Payment
8-14.5-6-17. Credit Enhancement or Liquidity Support Agreements
8-14.5-6-18. Service Agreements With Financial Institutions
8-14.5-6-19. Trust Agreements or Resolutions